Mr. Aliyu Aboki, the Executive Secretary of the West African Telecommunications Regulators’ Assembly (WATRA), emphasized that Fintech, E-commerce, and Digital Marketing significantly drove an 80% growth rate in the telecoms …
Africa
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AfricaAFRICA NEWSSpotlight
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Tanzanian President Samia Suluhu Hassan recently addressed the significant challenges hindering intra-Africa trade, calling for concerted efforts to remove these barriers and boost economic integration across the continent. Speaking at …
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AfricaAFRICA NEWSEnergyOil & Gas
Egypt to Expand Its Oil Influence with $1.2 Billion Investment
by Editorby EditorEgypt has unveiled a significant investment in its oil industry for the 2024/2025 fiscal year, with plans to inject $1.2 billion into drilling 110 exploratory wells. Minister of Petroleum and …
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AfricaAFRICA NEWSSpotlight
Africa’s richest man says he doesn’t own a home outside Nigeria
by Editorby EditorAfrica’s wealthiest man, Aliko Dangote, surprised many Nigerians by revealing that he does not possess property outside the country. Instead, he stated that he owns residences in his hometown of …
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AfricaAFRICA NEWSPolitics
FAAC disburses N1.354 trillion to FG, states, LGs in July, up by N200bn
by Editorby EditorThe Federal, State, and Local Governments received an increased monthly disbursement of over N200 billion, rising from N1.143 trillion in June to N1.354 trillion in July 2024. The Federation Account …
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AfricaAFRICA NEWSEconomy
IMF Projects 3% Growth for Nigeria in 2025, Outpacing Most Emerging Markets
by Editorby EditorThe latest World Economic Outlook from the International Monetary Fund (IMF) predicts a 3% growth rate for Nigeria in 2025, slightly lower than the 3.1% forecasted for 2024. However, this …
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AfricaAFRICA NEWSSpotlight
Nigerians to pay N688,000 document verification fee as condition for UAE visa
by Editorby EditorTravellers from Nigeria heading to the United Arab Emirates (UAE) must now pay a non-refundable document verification fee of N688,000. Paying the document verification fee is a requirement set by …
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AfricaAFRICA NEWSSpotlight
Court rejects Emefiele’s request to travel abroad for medicals
by Editorby EditorThe High Court of the Federal Capital Territory in Maitama declined the former Governor of the Central Bank of Nigeria, Godwin Emefiele’s request to travel to the United Kingdom for …
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AfricaAFRICA NEWSBusiness Policies
New Report Highlights Best Practices to Support African Businesses
by Editorby EditorNew Country Policy and Institutional Assessment Report for Africa Highlights Best Practices to Support African BusinessesThe annual Country Policy and Institutional Assessment (CPIA) for Africa confirms that countries in Sub-Saharan …
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AfricaAFRICA NEWSBusiness Policies
Economic integration: FG promotes unified business laws for Africa
by Editorby EditorThe Federal Government emphasizes the importance of African countries adopting unified business laws to boost investment and facilitate economic integration. Mr. Adegboyega Oyetola, the Minister of Marine and Blue Economy, …